Imerjn Inc. (fka IMJN)

[Inorout]

I found that information in XUII's most recent 10Q/A and I've linked it below so you can read Note 5 Related Party Transactions on page F-10.

It states that during the nine months ending April 2014, the Company advanced $541,451 to ACLH, LLC, an entity associated with the Company's CEO. $165,000 was repaid by ACLH to the Company, see page F-10 Note 5 linked below. And while you're looking, please check page F-6 and page F-7 regarding convertible notes entered into by XUII just prior to him getting the loan. On The top of page F-7 you can see the company executed a convertible promissory note for $100,000 and carries a 12% interest rate. And more convertible promissory notes at 12% and 10% in May. (Page F-11).


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID

Looks to me like Mr. Radly still owes XUII shareholders $376,451. Anyway, my point is that Mr. Radly shouldn't be using XUII shareholders risk capital and balance sheet to award his personal owned LLC interest free money. While it was disclosed buried in the filing, it's my opinion that sweetheart insider deals are never a positive for shareholders. I consider this transaction a very negative management indicator. It certainly makes zero sense for XUII shareholders to enter into convertible note deals, get the cash from the transaction, and then turnaround and hand the money to Mr. Radly's personally owned LLC.